I of late posted on the theme of tape volatility inward the stock market. Volume as well as volatility tend to last highly correlated; it takes the participation of large institutions to deed markets. As nosotros tin run into from the superlative chart, depicting the S&P 500 ETF (SPY; bluish line) as well as the 20-day moving average of book inward SPY (pink line), book has besides greatly expanded alongside the recent reject as well as bounce back.
Meanwhile, nosotros larn out along to run into a bid underneath this market, every bit the Cumulative NYSE TICK business moves to novel highs. For an explanation of the recent divergences betwixt the TICK business as well as cost during the marketplace bottoming, check out this post.
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